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Republic Airways and Mesa Air Group Announce Merger to Create America’s Leading Regional Airline Headline – Image Credit Wikipedia
- Republic Airways Holdings Inc. and Mesa Air Group, Inc. have announced a merger to create a leading publicly traded regional airline.
- The combined company, to be renamed Republic Airways Holdings Inc., will continue to connect communities across America with a single, well-capitalized public company.
Republic Airways Holdings Inc. and Mesa Air Group, Inc. have announced a definitive agreement to merge, creating a leading regional airline company in an all-stock transaction. The combined company will be renamed Republic Airways Holdings Inc. and is expected to remain NASDAQ-listed under the new ticker symbol “RJET”.
The proposed merger aims to combine two highly complementary cultures, fleets, and operations, enhancing the scale of the combined airlines financially and operationally. This will be achieved with a larger, unified fleet, enabling more efficient and productive regional flying and crew resource management.
Republic Airways, a leading regional airline since 1974, boasts a fleet of more than 240 Embraer 170/175 aircraft and transported approximately 17.5 million passengers on more than 300,000 flights in 2024. The airline primarily serves Northeast and Mid-Atlantic hubs and operates under long-term capacity purchase agreements with American Airlines, Delta Air Lines and United Airlines.
The merger, which is expected to close in either the late third or early fourth quarter of 2025, plans to retain all flight crews, technicians, and other operational staff within the post-merger entity. The combined company is expected to produce approximately $1.9 billion in revenues and adjusted EBITDA of over $320 million.
Upon closing, Republic shareholders will own 88% of the combined company’s common shares, with Mesa shareholders owning a minimum of 6% and up to 12% of the company. As a result of the transaction, all outstanding Mesa debt obligations will be extinguished.
The Boards have unanimously approved the merger of Directors of both companies and is subject to customary closing conditions, including regulatory and shareholder approvals by both companies.
